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How to fill out the Make An Additional Contribution By Mail - Michigan Education Savings Program form online
Filling out the Make An Additional Contribution By Mail form provides a straightforward way to contribute to your existing Michigan Education Savings Program account. This guide will walk you through each section of the form to ensure your contribution is processed smoothly.
Follow the steps to accurately complete the form.
- Press the ‘Get Form’ button to retrieve the form and open it for editing.
- Begin with the account information section. Locate your account statement and provide the required details such as your fund and program account number, account owner or custodian's name, and the beneficiary's name.
- In the contribution check information section, select whether you are using personal checks, bank drafts, or third-party personal checks. Make sure that the checks are endorsed to the Michigan Education Savings Program as specified.
- Proceed to the investment option information. Indicate whether this is a new investment option and select from the available options. Remember, this section is mandatory; omitting it will result in rejection of your contribution.
- Enter the total contribution check amounts in the specified areas, ensuring the total is accurately calculated.
- Once all sections are filled out, review the form for accuracy. After confirming that all information is correct, you can save your changes, download the form, print it, or share it as needed.
Complete your contribution online today to support educational savings.
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Drawbacks of 529 savings plans If you do need to withdraw funds or use them for noneducation-related expenses, you'll incur a 10% penalty and owe taxes on any investment gains.
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